The US President, Joe Biden, has signed legislation that requires the China-based parent company to divest TikTok in nine months to a year in order to avoid a ban in the US. Along with this, the US President signed a foreign aid package as well.
The divest or ban bill is now law, now it’s time for ByteDance to make its move. For now, the company has nine months to look for a deal, the president can also provide an extra three if he sees progress in the deal-making efforts.
For this bill, the US Senate voted largely in favor of it, along with a foreign aid bill as well. Both Republican and Democratic party leaders and politicians shared fears of China’s Communist Party using TikTok through ByteDance in order to manipulate Americans and carry out espionage. Some senators who were on the fence came on board when the divestment period was extended.
Last year, US states begin banning TikTok in government employees’ work devices.
Alex Haurek, TikTok spokesperson said in a statement that the company will challenge the law in courts, which could extend the timeline should the courts delay enforcement pending a resolution.
Then there is China, how would the government respond? Will they let ByteDance sell TikTok to a US company?
Alex Haurek added, As we continue to challenge this unconstitutional ban, we will continue investing and innovating to ensure TikTok remains a space where Americans of all walks of life can safely come to share their experiences, find joy, and be inspired.”
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